The movie grossed more than $390 million from worldwide box office takings upon its release, and Costner claims his contract with Morgan Creek Productions bosses entitles him to 15 per cent of takings.

However, the star claims he was not paid his fair share in 2010 and 2011, despite the movie continuing to rake in "tens of millions" from home video sales and repeated TV airings.

In legal papers filed in Los Angeles Superior Court on Tuesday, Costner also accuses production executives of fraudulent activity, according to Eonline.com.

The documents state that Morgan Creek representatives "intentionally concealed information and employed inaccurate and improper accounting practices designed to deprive Costner of his backend participation."

The actor is demanding unspecified damages for breach of contract, fraud, unjust enrichment and breach of implied covenant or good faith dealing.

Photo Credits: PR Photos

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